Types of Accident Compensation

This type of compensation usually covers medical costs, including prescription medications or devices, physical therapy, and even surgery. It may also cover loss of future earnings potential.

This kind of compensation could be referred to as "general damages." It isn't always easy to determine the value of these damages since insurers have different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable costs resulting from an accident. These are expenses that are out of pocket like lost wages as well as property damage costs and financial losses that will come from the injury or disability. Courts and juries usually calculate these costs based on documentation such as hospital bills, pharmacy receipts and estimates for vehicle repairs.

These are the immediate expenses of a crash and are simple to prove. They usually include medical expenses including the initial hospital stay, and any follow-up treatment and care. These costs can also comprise the cost of repairing damaged vehicles or other property items, including household and clothing items. The cost of hiring a person to do chores around the home or to transport children to and from school or extracurricular activities can be included in these expenses also.

Lost wages are another common and important type of economic damages. This includes not just your lost wages due to the fact that you were forced to stay home from work due to your injuries, but be a factor in lost productivity while recovering and any use of vacation or sick leave. In some instances you could even receive compensation for the loss of your earning potential in the future if your injury prevents you from returning to your previous job or hinders you from earning the same amount in the future.

Although these costs are clear and measurable, some of the other damages you can claim are less so. Non-economic damages are more difficult to quantify and include things like pain and discomfort or disfigurement, as well as the loss of enjoyment.

How do you prove these damages?

While a few of the expenses in these categories are straightforward and can be substantiated with receipts and documents Other expenses might require expert testimony. In the event that an georgia accident lawsuit causes a severe spinal injury that causes the victim to be partially paralyzed, it could be necessary to consult an occupational expert to determine how the injury will affect the victim. This will help the court or jury to determine what your full range of personal and financial impacts will be.

The most complicated forms of economic damages are those that concern future medical expenses and lost earnings. You may be able to document these costs by using a medical professional's estimate of your maximum improvement in your medical condition or when your recovery is likely to come to an end. But, you'll need to prove your financial loss by submitting pay statements, expense receipts, as well as other proof of your past and present income.

Insurance companies attempt to keep from paying as much damages as they are obligated to. A competent personal injury lawyer can make sure that you get all compensation damages to which are entitled. Dennis and King can set up a free consultation. We can help you recover all of your financial and other damages following an New York auto butler accident law firm or personal injury.